Jiwei Network news, on March 31, the Shanghai Stock Exchange officially accepted the listing application of Shenzhen Baiwei Storage Technology Co., Ltd. (hereinafter referred to as Baiwei Storage) on the Science and Technology Innovation Board.
Products enter lenovo, Tongfang, HP and other supply chains
According to the prospectus, Baiwei Storage is mainly engaged in the research and development, production and sales of semiconductor memory, and its main products and services include intelligent terminal memory chips, consumer-grade storage modules, industrial-grade storage modules and advanced packaging and testing services. The company has core competitiveness in memory technology research and development, advanced packaging and testing manufacturing, industrial chain resources and global operation, and is a national specialized new small giant enterprise and a national high-tech enterprise. The company's Biwin brand is mainly for the ToB market such as intelligent terminals, industrial-grade applications, enterprise-level applications, vehicle-grade applications, and PCOEM, while the sub-brand Biwintech and the exclusively operated brands such as HP, Acer and Predator are for the ToC markets such as DIY, e-sports, and mobile storage. The company's products are widely used in intelligent terminals, PCs, big data, Internet of Things, Internet of Vehicles, Industrial Internet and other fields.
Baiwei Storage's memory products have entered the supply chain system of many leading customers in the industry, including: Lenovo, Tongfang, HP, Acer, Inspur Information, Baode and other PC and server manufacturers, ZTE, Skyworth, MTC, Chaoge, Jiulian, Zhaoneng and other communication equipment manufacturers, Google, Facebook, BBK, TRANSSION Holdings, TCL, iFLYTEK, Foxconn, Huaqin Technology, Wingtech Technology, Tianlong Mobile, Longqi Technology, Zhongnuo Communications and other intelligent terminal manufacturers, Starnet Ruijie, Xinxinfu, Jiangsu Guoguang, G7 Internet of Things, Ruiming Technology and other industries and car networking manufacturers, and occupy an important share in multiple market segments.
With the continuous enhancement of R&D strength, the gradual improvement of brand influence and the continuous growth of business scale, the company has established long-term and stable partnerships with major memory wafer manufacturers, main control chip manufacturers and SoC chip manufacturers. In the field of storage wafers, the company has more than 10 years of close cooperation with international mainstream storage wafer manufacturers such as Samsung, Micron, Jiaoxia, and Western Digital, and has reached LTA/MOU strategic cooperation with manufacturers including Samsung, Yangtze River Storage, and Western Digital.
In the field of main control chips, the company adopts the main control chips of mainstream manufacturers such as Huirong Technology, Yingren Technology, Lianyun Technology, etc., combined with self-developed core firmware algorithms, continues to launch innovative memory products, and ensures the high quality and high performance of products.
In terms of platform verification, the company is one of the domestic memory manufacturers with the most SoC chip and system platform certification, the main products have entered qualcomm, Google, Intel, Microsoft, MediaTek, Zhan Rui, Jingchen, Quanzhi, Rockchip Micro, Realtek, Junzheng and other mainstream SoC chip and system platform manufacturers qualified supplier list.
In addition, Baiwei Storage has built its own packaging and testing factory to meet the packaging and testing manufacturing needs of its own NAND and DRAM memory chips and modules, and uses the surplus production capacity to undertake memory and SiP packaging and testing business.
Performance and gross profit margin increased significantly
From 2018 to the first three quarters of 2021, the operating income of Baiwei Storage was 1,274,827,000 yuan, 1,173,506,300 yuan, 1,641,711,800 yuan and 2,046,215,300 yuan, the net profit was -136,442,400 yuan, 18,661,300 yuan, 27,384,100 yuan and 115,279,300 yuan, respectively, and the net profit attributable to owners of the parent company after deducting non-recurring gains and losses was -11, respectively. The performance showed certain volatility in 2,703,900 yuan, 18,577,800 yuan, 17,210,500 yuan and 119,203,200 yuan.
Baiwei Storage said that in recent years, with the vigorous development of a new generation of information technologies such as 5G, artificial intelligence, blockchain, big data, Internet of Things, and meta-universe, the global data volume has shown an explosive growth trend, driving the demand for memory products.
At the same time, the company adheres to the technology industry, in the field of research and development and manufacturing continues to increase investment, the company's technical strength and market position continue to improve, the company's memory products into many leading industry customers supply chain system, and occupy an important share in a number of market segments, the company's customer groups continue to optimize and some customer procurement scale continues to rise, resulting in the company's overall business scale rapid growth, the proportion of high value-added products continues to increase, and the profitability is improved.
From 2018 to the first three quarters of 2021, the comprehensive gross profit margin of Baiwei Storage was 6.62%, 15.62%, 11.21% and 18.02%, respectively, showing an overall upward trend.
Baiwei Storage said that it is mainly due to the optimization of the company's product and customer structure, and the increasing proportion of revenue from well-known customers and high value-added products.
Raised 800 million yuan to increase the memory
After deducting the relevant expenses, the funds raised by Baiwei Storage will be invested in the construction project of Huizhou Baiwei advanced packaging and testing and memory manufacturing base, the project of advanced memory research and development center and supplementary working capital.
Baiwei Storage said that through the implementation of huizhou Baiwei advanced packaging and testing and memory manufacturing base construction project and advanced memory research and development center project, the company's existing advanced packaging and testing capabilities and research and development capabilities will be greatly improved, operational efficiency will continue to improve, and the market competitiveness in the memory industry will be significantly enhanced, which is of great strategic significance for the company to further expand its business and grow into a leading semiconductor memory manufacturer in China.
After the funds raised are in place, the company's current assets will increase significantly, and the current ratio and the quick ratio will increase significantly in the short term. At the same time, the company's asset-liability ratio will decline to a certain extent, thereby significantly improving the company's financial structure, so that the company's solvency and anti-risk ability will be improved.
Baiwei Storage pointed out that the company is one of the few enterprises in China that has both NAND Flash and DRAM memory R&D design and packaging and testing manufacturing, and has laid out the "local integration" industrial chain system of storage media research, memory design simulation, core firmware algorithm, packaging manufacturing, self-developed chip test equipment and algorithm and brand operation, and continuously consolidated and formed its own competitive advantage.
Regarding the company's overall development strategy, With the mission of "empowering the Internet of Everything from the core to the end, and building the storage foundation of the Era of The Internet of Everything", Baiwei Storage continues to develop memory products for mobile smart terminals, PCs, smart cars, industry terminals, data centers, mobile storage and other fields. By vigorously strengthening R&D investment in core areas, continuing to build global brand influence, and continuously improving the level of manufacturing processes, the company is committed to becoming an international first-class semiconductor manufacturer.
In the next three years, Baiwei Storage will continue to increase investment in semiconductor memory design and development and advanced packaging and testing, consolidate and develop the company's core competitive advantages, and continue to help customers achieve commercial success. The company will actively respond to new market demand and industry development opportunities, is committed to continuously improving the level of research and development and product competitiveness, is committed to grasping the advanced packaging and testing business development opportunities, to create a new profit growth point of the company, is committed to continuously expanding the global marketing service network, deep ploughing domestic and foreign markets, enhance the company's brand influence. (Proofreading/Arden)